Business & Finance
SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut
Key Points
SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut SK Hynix Inc. shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut. The stock fell 8.4% on Korea Exchange, weighing on the benchmark Kospi. That came after its American depositary receipts climbed 13% Friday, on follow-on demand following the largest first-time share sale by a foreign company in history.
SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut
SK Hynix Inc. shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut.
The stock fell 8.4% on Korea Exchange, weighing on the benchmark Kospi. That came after its American depositary receipts climbed 13% Friday, on follow-on demand following the largest first-time share sale by a foreign company in history.
[Image text:] SKhynix
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